Leading American fashion brand GAP enters Ukrainian market (UA)

Leading American fashion brand Gap will open their first flagship store in Kiev in June 2011. Located at 50 St. Khreschatyk, Gap will occupy three levels of the property with floor space totaling 1,200 m².

Anna Chubotina, Head of Retail in the Ukraine at Jones Lang LaSalle, said: "This deal marks the leading transaction of the year for high street retail in Kiev and emphasizes the recovery of this segment of the market. The entrance of such a well-known international retailer to the Ukrainian market demonstrates the rising interest of international operators.

"Following on from UK entrants Topshop, New Look and River Island in 2010, the German brand New Yorker and Spanish Oysho (Inditex Group) have opened their first stores in Kiev this year with other well-known retail chains actively monitoring opportunities."

The official representative of GAP in Ukraine is GAP Ukraine LLC. Jones Lang LaSalle advised the landlord.